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Mongolian companies lose USD 78 thousand in Erenhot www.news.mn
Mongolia & China Expo 2017, has been held in Hohhot, the capital of the Chinese Province of Inner Mongolia from 26th of September to 2nd of October. Whilst very successful in many respects, the Expo has proved a disaster for some Mongolian companies.
As we reported last week, meat and dairy products from some of the 30 Mongolian companies participating in Expo 2017 were held by Chinese border inspectors for the duration of the event. According to P.Sergelen, Mongolia's Minister of Food, Agriculture and Light Industries, the goods have been destroyed in the Chinese border city of Erenhot (Erin); as a result, Mongolian companies have suffered a USD 78 thousand loss.
More than 1600 businessmen and 390 enterprises from Mongolia participated in the Expo 2017. One of the real success stores was the TESO Company, which signed an agreement with China to export sea buckthorn seed-oil worth of MNT 3 billion.
Published Date:2017-10-03
